Bain's Fintyre bolts on Reifen Krieg

The three managers will continue to lead the business. The acquisition was made via Fintyre's holding European FinTyre Distribution.

Fintyre expects to reach a turnover of €1.1bn after the integration of the two businesses, creating a group with 1,300 staff, 16 facilities and a strong presence within the Italian and German markets.

Bain Capital acquired Fintyre in March 2017 from London-based mid-market private equity firm BlueGem Capital Partners, deploying capital from its Europe IV fund. The vehicle held a final close in 2014 on €3.5m.

This deal is the second acquisition made by Fintyre in Germany, following the bolt-on of Reiff Tyre and Automotive Technology from its parent group Reiff in 2017.

Company
Founded in 2007 and based in Neuhof, Reifen Krieg specialises in tyre distribution. The company sells 3.5 million tyres per year and generated revenues of €330m in 2017.

People
Bain Capital Private Equity – Ivano Sessa (managing director).
Fintyre – Mauro Pessi (CEO).
Reifen Krieg – Holger Krieg, Tobias Fink (managing directors).

Advisers
Acquirer – PwC (financial due diligence); Hengeler Mueller (legal); BCG (commercial due diligence).
Vendor – Jones Day (legal).

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